U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
FAIRFAX FINANCIAL HOLDINGS LIMITED
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(Last) (First) (Middle)
95 Wellington Street West, Suite 800
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(Street)
Toronto Ontario, Canada M5J 2N7
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
ZENITH NATIONAL INSURANCE CORP. (ZNT)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
N/A
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4. Statement for Month/Year
November 30, 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] Form filed by more than one Reporting Person
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Page 1 of 4
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 11/27/00 S 11,700 D $24.125 7,854 I Held by Hamblin Watsa
Investment Counsel
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Common Stock 11/27/00 S 2,400 D $24.125 64,200 I Held by Odyssey America
Reinsurance Corporation
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Common Stock 150,000 I Held by Odyssey Reinsurance
Corp.
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Common Stock 20,000 I Held by The North River
Insurance Company
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Common Stock 3,287,223 I Held by TIG Insurance
Company
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Common Stock 3,287,222 I Held by United States Fire
Insurance Company
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 2 of 4
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses: The shares held and sold by Odyssey America
Reinsurance Corporation were previously presented as held by Hamblin Watsa
Investment Counsel, an investment manager for Odyssey America Reinsurance
Corporation.
FAIRFAX FINANCIAL HOLDINGS LIMITED
/s/ Bradley P. Martin December 12, 2000
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* Name: Bradley P. Martin Date
Title: Vice President
* Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 3 of 4
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REPORTING PERSONS WHO ARE
BENEFICIAL OWNERS IN THE GROUP
(IN ADDITION TO THE DESIGNATED FILER,
FAIRFAX FINANCIAL HOLDINGS LIMITED)
<TABLE>
<CAPTION>
REPORTING PERSON ADDRESS ISSUER (SYMBOL) DATE OF EVENT SIGNATURE OF REPORTING PERSON
---------------- ------- --------------- ------------- -----------------------------
REQUIRING
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STATEMENT
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<S> <C> <C> <C> <C>
ODYSSEY REINSURANCE 300 First Stamford Place ZENITH NATIONAL 04/19/00 BY: /s/ Donald Smith
CORPORATION Stamford, CT 06902 INSURANCE CORP.("ZNT") ---------------------------------
NAME: Donald Smith
TITLE: Vice President
THE NORTH RIVER 305 Madison Avenue ZENITH NATIONAL 01/21/00 BY: /s/ Dennis J. Hammer
INSURANCE COMPANY P.O. Box 1943 INSURANCE CORP.("ZNT") ---------------------------------
Morristown, New Jersey NAME: Dennis J. Hammer
07960 - 1943 TITLE: Vice President
TIG INSURANCE COMPANY 5205 North O'Connor Blvd. ZENITH NATIONAL 6/25/1999 BY: /s/ Courtney Smith
Suite W-200 INSURANCE CORP.("ZNT") ---------------------------------
Irving, Texas NAME: Courtney Smith
75039 TITLE: President
UNITED STATES FIRE 305 Madison Avenue ZENITH NATIONAL 6/25/1999 BY: /s/ Dennis J. Hammer
INSURANCE COMPANY P.O. Box 1943 INSURANCE CORP.("ZNT") ---------------------------------
Morristown, New Jersey NAME: Dennis J. Hammer
07960 - 1943 TITLE: Vice President
HAMBLIN WATSA 95 Wellington Street West, ZENITH NATIONAL 11/27/2000 BY: /s/ V. Prem Watsa
INVESTMENT COUNSEL Suite 800 INSURANCE CORP.("ZNT") ---------------------------------
LTD. Toronto, Ontario, Canada NAME: V. Prem Watsa
M5J 2N7 TITLE: Vice President
ODYSSEY AMERICA 300 First Stamford Place ZENITH NATIONAL 11/27/2000 BY: /s/ Donald Smith
REINSURANCE Stamford, CT 06902 INSURANCE CORP.("ZNT") ---------------------------------
CORPORATION NAME: Donald Smith
TITLE: Vice President
</TABLE>
Page 4 of 4
